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‘Too large, too big, too aggressive’: Jamie Dimon wasn’t on board with Trump’s tariff ‘master plan’, but says White House is justified in calling out unfairness



  • CEO of JPMorgan Jimmy Damon He took a balanced position on Donald Trump’s economic policies, admitting that although the initial tariff strategy looked very aggressive, efforts to address commercial imbalances are justified and perhaps useful. Damon, a rare voice of support and caution, advised Trump to focus on the policies supporting growth, migration reform, measurement of trade in trade, and a warning of excessive economic sanctions.

Jimmy Damon, CEO of JPMorgan, says Donald Trump may have left the blocs very quickly when it comes to tariffs, but he says that the oval office is right to try to fix the problems he identified in the American economy.

In Trump’s second term, Damon proved something from a decisive friend: The veteran in Wall Street warned of the White House when the policy created a lot of uncertainty, but he also presented a more balanced look at some of the Oval Office policy on the benefits.

Regarding the definitions, Damon believes that the president’s approach would have initially be better – but Trump generally told him what he justified at the age of what he believes is the best for voters.

When asked about the “general approach” when it came to the definitions, Dienn Fox told an interview released last night: “I thought it was very big and very large and very aggressive when it started.

“It was part of a major plan to make people to the table.”

But Damon added that it is important for voters to understand that “there is nothing wrong with saying if this is not fair [and] We want to fix it. “

On the opinion group around the first 100 days of Trump at the White House, Damon participated in a more balanced vision than other voices.

For example, he said the definitions are likely to prove only “modest inflation” and have the ability to do some “good things” of the economy.

But the man Which paid $ 39 million for his work in 2024, politicians warned against taking economic sanctions – and on economic sanctions – Martial speech with the main commercial partners – far away.

After President Trump said that “a friend and Ado” will be treated both under the tariff system, Damon wrote in his letter to shareholders earlier this year: “The economy has been glue for a long time, and America first is fine, as long as it does not end until America is alone.”

Damon’s balanced approach also extended to his recently announced trade agreement.

While the largest coach of America in America welcomed the “first engine” that is long awaited in the British Sir Kerr Starmer government, the agreement in principle does not constitute a full new deal.

Damon said: “I am very happy because it happened.” “The objects of the customs tariff were very large and very large and everyone at one time. I think it is very important to start showing progress in the deal, so any good progress.

“These are deals in principle … the real commercial deal will be 10 or 20,000 pages. But any good progress.”

He added that he was happy to see the US government making progress with China, with tension on both sides, and it appears that positive grumbling from countries like Japan and Taiwan.

Dienon’s advice to Trump

JPMorgan CEO of JPMorgan has been asked to see Trump, looking The president previously participated in an interview with Dienon With Fox News.

He replied, “Keep doing what you are doing now.”

“When you look at it, the border was successful … After eliminating the criminal element, I will try to work on a real reform of immigration. We need seasonal workers, we need [Deferred Action for Childhood Arrivals]”

Trump also encouraged his adherence to his campaign to be supportive of growth, supportive and active in tax repair.

“These things can be very good for the growth of the American economy. I focus on it,” Damon added. “There are many other deviations that occur. This administration should focus on those goals. The definitions? Only progress now, the country, according to the country, the tariff with the tariff.”

This story was originally shown on Fortune.com


2025-05-09 10:22:00

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